Published on : Wednesday, August 25, 2021
In the first half of 2021, the UAE has smashed disappointing trends in global tourism arrivals with a major drop in its hotel occupancy rates appearing less harsh in comparison to other markets, as per the findings of a study published on Tuesday.
Moving forward, as the encouraging impact of UAE’s strong vaccine programme starts to take effect; the viewpoint for the ravel tourism sector has been getting brighter as the country hopes by 2028, the sector will contribute Dh280.6 billion to its economy.
As the traffic in regard to the total passenger at Dubai International Airport stood 76.2 per cent below the same time in 2019 in the initial first half of 2021, hotel occupancy rates were between 7.4 and 14.4 percentage points lower compared to the corresponding period two years back, as per CBRE’s UAE Market Review Q2 2021.Dubai during the 11-month period from July 2020 to May 2021, welcomed around 3.7 million overnight visitors. With the World Expo UAE opening in October, hotels across the country are all prepared to welcome millions for visitors from abroad.
As the citywide occupancy rates still remain below 2019 levels in the first half of 2021, when considering the shortfall in international tourism, drop in the occupancy rates of UAE have been less stark, underscoring the relative resilience of the UAE’s hospitality sector. “Over this period, Fujairah was the only location to register an increase in occupancy, with occupancy increasing marginally by 0.4 percentage points.”